Comrade Nguyen Manh Quyen, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, meets and works with South Korean enterprises
On the afternoon of October 14, at the Headquarters of the Provincial People's Council – the Provincial People's Committee, comrade Nguyen Manh Quyen, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, met and worked with South Korean enterprises interested in exploring and promoting investment opportunities in the province. The meeting saw the participation of leaders of several provincial departments and agencies.
Delegates attend the meeting.
During the meeting, leader of the Department of Construction provided an overview of the Hung Yen Provincial Master Plan for the 2021–2030 period, with a vision toward 2050. He highlighted the province's spatial development orientation, the construction of a comprehensive infrastructure system, and the identification of key growth drivers. The province’s spatial development is organized into three functional zones as follows: the northern growth zone, focusing on industry, urban development, services, logistics, and high technology; the central zone, serving as the hub for administration, politics, culture, education, tourism, and acting as a connector to foster development across all regions; and the coastal zone, envisioned as a new strategic growth driver, concentrating on the maritime economy, energy industry, manufacturing and processing, seaport logistics, urban and marine services, integrated with large-scale agricultural production.
The province is currently prioritizing the development of a transport network that connects with Hanoi, other provinces in the Red River Delta, and the province’s own key growth areas. Notable projects include a major arterial road connecting Hanoi to the coast, designed with a cross-section of 180 meters and a maximum speed of 120 km/h, as well as a route linking the provincial center to Gia Binh Airport and Hanoi’s planned second airport, featuring a 120-meter cross-section and an integrated railway line. Leader of the Department of Construction outlined the province’s development orientation in sectors of interest to South Korean investors, including urban development, industry, logistics, energy, water supply, and wastewater treatment.
Based on these planning directives, Hung Yen province aims to strengthen cooperation with South Korean investors in the development of industrial zones, urban areas, housing, technical infrastructure, logistics, energy, and high-tech sectors. The province encourages the participation of capable and experienced enterprises with a long-term investment vision, which will help effectively harness the province’s potential and advantages, thereby fostering rapid and sustainable economic growth.
The delegation of South Korean enterprises at the meeting.
Representing the South Korean side, Mr. Hwang Il-Cheon from K-PARTNERS spoke highly of Hung Yen province’s potential and advantages. He expressed interest in exploring investment and cooperation opportunities in such areas as real estate, urban and industrial zone development, construction, logistics, water supply and treatment, power generation, solar energy, information technology, digital platforms, and trade and distribution.
The South Korean delegation requested information from the province regarding ongoing or planned projects. This would allow them to evaluate potential avenues for direct investment, co-investment, joint ventures, project development participation, and technological collaboration, aligned with both the enterprises' capabilities and the province's development needs.
Mr. Nguyen Manh Quyen, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, meets and works with the South Korean enterprises.
Speaking at the meeting, Mr. Nguyen Manh Quyen, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, welcomed the South Korean enterprises exploring the investment environment and cooperation opportunities in Hung Yen. He expressed his gratitude to Mr. Hwang Il-Cheon and K-PARTNERS for their role in connecting and promoting investment promotion activities between Hung Yen province and South Korean businesses.
The Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee emphasized that the announcement of the provincial master plan for the 2021–2030 period, with a vision toward 2050, marks a significant milestone; providing a foundation for developing detailed plans, enhancing infrastructure, and unlocking new opportunities for investment and growth. The province is actively preparing the necessary conditions to attract investment into its industrial zones, while simultaneously strengthening engagement with major domestic and international corporations, including South Korean firms interested in the Hung Yen market.
Hung Yen province aims to attract an increasing number of South Korean investors, with the goal of gradually building an ecosystem of enterprises and supporting industries. By fostering cooperation in key sectors, the province seeks to boost production capacity, facilitate technology transfer, and drive local socio-economic development.
Mr. Nguyen Manh Quyen, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, presents a commemorative gift to the representative of the South Korean enterprises.
The Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee affirmed that Hung Yen province is prepared to support and create favorable conditions for investors, provided that all legal regulations are upheld and a balance of interests is maintained among the State, businesses, and the public. He tasked the Department of Construction, the Department of Finance, and other relevant departments, agencies, and units with providing information regarding provincial planning, project portfolios, investment attraction strategies, and applicable policies and mechanisms. Furthermore, they are to promptly address concerns raised by businesses and guide investors in researching and proposing projects that align with the province’s development orientation and current legal requirements.
The Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee expressed his hope that South Korean enterprises will continue to explore opportunities and identify specific sectors and projects with potential for cooperation in Hung Yen, thereby contributing to a more substantive and effective partnership between the business communities of both sides.
Mr. Nguyen Manh Quyen, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, and leaders of various departments and agencies, take a photo with representatives of South Korean enterprises.
